Apple

Maynard Um of UBS Investment Research, who is already hopelessly optimistic about Apple shares, made the prediction of 28 million iPad sales for 2011. He also raised his target price to $350 from $340. “Sales of traditional notebooks appear to be feeling pressure from the iPad, causing a scramble by vendors to launch iPad-like tablets,” Um wrote. “We believe that a majority of this impact is occurring on the lower end of PC sales as the iPad is priced close enough to this range that it becomes attractive to consumers looking to make purchases within this segment,” he said, according to AppleInsider.